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Tag Archives: Hydraulic Fracturing

Retired energy exec: No bust in Bakken

The Bakken oil boom is just in a slowdown, not a bust, as oil prices collapse and business stalls, a retired energy industry official said Tuesday in Billings. “We’re in the middle of a revolution that we don’t fully understand right now,” said Bill Whitsitt, a retired Devon Energy Corp. executive who lives in Big Fork. Whitsitt was the keynote ...

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Does earthquake insurance exclude fracking?

If buying earthquake insurance, read your policy carefully. At least one policy endorsement obtained by The News showed that earthquakes caused by hydraulic fracturing, or “fracking,” were excluded from earthquake coverage. It could mean potential litigation if a claim was ever filed and denied by the company, Kansas’ former insurance commissioner noted. While hydraulic fracturing isn’t suspected as the cause ...

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Groups call for legislative fracking ban

CUMBERLAND — A coalition of 79 organizations, including several local organizations, is calling for legislative action to ban hydraulic fracturing in Maryland. “Based on what we know now, we believe that fracking endangers public health and is the wrong approach to building a robust Maryland economy and a clean energy future. We urge Maryland’s legislature to pass an extended moratorium ...

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Shale development slowing due to market prices

Preparing for a slump in natural gas prices, which nosedived in December, a Findlay Township-based shale development company has halted drilling new wells for five months in Butler and Armstrong counties. The company, PennEnergy Resources LLC, has braced itself for reduced profits, which it expected, and it is now waiting for prices to rise from a point that hasn’t been ...

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Fracking debate may be on way to Kentucky

kentucky

LEXINGTON, Ky. — The debate over hydraulic fracturing, a technique used to drill oil and natural gas wells, may be coming to Kentucky. The Lexington Herald-Leader reports there’s been increased interest among oil and gas companies in areas of eastern and central Kentucky. Local officials told the newspaper that companies have signed hundreds of new oil and gas leases with ...

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Lifting U.S. crude export ban could boost production, cut gas prices: study

NEW YORK – Lifting U.S. crude export restrictions could boost domestic oil production and cut gasoline prices, according to a report issued Friday by Columbia University’s Center on Global Energy Policy. The shale boom has flooded U.S. oil refiners with increased volumes of light sweet oil, which they are not generally configured to run. If rapid oil output growth continue ...

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Pope Francis takes a stance against hydraulic fracturing

Pope Francis isn’t shy to take on unprecedented political stances for a man of his clerical status. Last July, in reference to forest reduction and land that cannot give the bounty of life it once could, the Pope called this exploitation of the planet, “our sin.” Additionally, he has condemned modern habits of consumerism for destroying the planet and has ...

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Study: Half of California’s new wells involve fracking

SAN FRANCISCO — Twenty percent of California’s oil production now comes through hydraulic fracturing, according to a study commissioned by the state and released Wednesday. For the past decade, roughly half of the average of 300 wells installed in California each month were fracking wells, the California Council on Science and Technology said in the report, the first in a ...

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State to examine Monterey shale potential

SACRAMENTO — The oil and gas potential of the vast Monterey shale formation will be the focus of an upcoming study by an independent panel of scientists operating under direction of the state Legislature. The study will be part of a highly anticipated report on the controversial practice of hydraulic fracturing, with the first volume released Wednesday. That report, covering ...

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